Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: Left Chart
DOGE is approaching a strong demand zone in blue so we will be looking for buy setups.
on H4: Right Chart
DOGE formed a channel in red but it is not ready to go yet.
Trigger => for the bulls to take over, we need a momentum candle close above the last high in orange.
Meanwhile, until the buy is activated, DOGE can still trade lower inside the blue demand zone, form a new swing high and then break it upward for the bulls to take over.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on WEEKLY: Left Chart
DOGE is approaching a strong demand zone in blue so we will be looking for buy setups.
on H4: Right Chart
DOGE formed a channel in red but it is not ready to go yet.
Trigger => for the bulls to take over, we need a momentum candle close above the last high in orange.
Meanwhile, until the buy is activated, DOGE can still trade lower inside the blue demand zone, form a new swing high and then break it upward for the bulls to take over.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
